New Delhi, Nov 3: Prime Minister Narendra Modi today asserted that it is now easier to do business in India than ever before after the country leaped 30 places to break into top 100 nations worldwide.
The jump to 100th rank on this year’s World Bank Ease of Doing Business index, from last year’s 130, is the biggest by any country this year, he said while addressing the World Food India conference here.
World Food India is organised by the Ministry of Food Processing along with CII.
India, he said, is one of fastest growing economies in the world and implementation of the Goods and Services Tax (GST) from July 1 has eliminated multiplicity of taxes.
Contract farming
Modi called for more private investment in contract farming and raw material sourcing. The Prime Minister also urged global food majors and supermarket chains, such as WalMart and Metro Cash & Carry to tap the vast Indian market.
"One million passengers travel in trains everyday. Each one is a potential customer for food processing industry," said Modi.
The PM said: "There is immense potential in niche areas, such as organic and fortified food," he told about 60 global CEOs and 100 Indian CEO s, urging them to combine Indian traditional food, such as coarse grains, and fuse "ancient wisdom and food processing".
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